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Law · Q273

Indian Partnership Act

Graduate and Post Graduate · Law · question 273

Q273

Ordinarily, on the overdrawings by the partners from the firm

A.
No interest is chargeable
Answer
B.
Interest is chargeable @ 6% p.a.
C.
Interest is chargeable @ 9% p.a.
D.
Interest is chargeable @ 12% p.a.

Answer: Option A

Solution

Answer: Option A
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